Bloq Wants to Be ‘The Idea Factory’ for the Blockchain Era

Bloq expands its backing for open source projects in bitcoin and blockchain including Drivechains, Qtum, VeriBlock and more.

Enterprise-grade blockchain solutions provider Bloq has launched an initiative to further sponsor what it sees as critical open-source projects in the bitcoin and blockchain ecosystems, BloqLabs.

Jeff Garzik

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

“In the 1900s, Bell Labs become known as the ‘The Idea Factory’ for global telecommunications,” explained Jeff Garzik, CEO and co-founder of Bloq. “BloqLabs can set the tone for the blockchain era and ensure enterprises are tapping into every innovation from our vibrant community of developers.”

BloqLabs launches with several projects and platforms supported by Bloq. These include: Drivechains, Qtum, VeriBlock, bitcoinj and the Android Bitcoin Wallet.

Suggested articles

HotForex extends partnership with Paris Saint-GermainGo to article >>

Andreas Schildbach, a developer at Bloq known for creating the first bitcoin wallet for Android, maintains the bitcoinj repository primarily used in bitcoin wallets and transaction services globally. “Open source is at the core of Bloq’s DNA, as both a patron and developer,” commented Schildbach. “I’m grateful for Bloq sponsoring work in open source blockchain software.”

Patrick Dai

“Businesses have been exploring blockchain technology for years now, but without widespread adoption. BloqLabs aligns with Qtum’s goal to bridge the gap between the business and technical worlds with open-source solutions that meet the commercial needs for privacy, security, and most importantly, usability,” said Patrick Dai, co-founder of the Qtum Project.

Paul Sztorc is an economist at Bloq and chief architect behind Drivechains, a technology that allows a blockchain system to temporarily mimic the properties of another, ensuring interoperability. “The record is clear: open source is the way to go – it’s better, faster, and more secure,” said Sztorc. “I’m thrilled to have Bloq sponsor the project, few companies are this generous.”

Got a news tip? Let Us Know